Page 9 - Iron Ore

Price volatility puts steel makers in a fix over viability of captive ore

While Tata Steel believes procuring via auction is better, Sajjan Jindal's JSW Steel is going all out to bid for mines in order to have captive ore resource for backward integration

Global iron ore prices to rise 11% on supply disruptions, China stimulus

China's latest fiscal stimulus is also expected to prop up iron ore demand and hence support prices

Iron ore imports slow down in last 2 months; prices may go up by 7-10%

Global prices jumped owing to various reasons, including the accident in one of Brazil's mines

Rules, ecology, ultra-infested zones take toll on iron ore block auctions

Only 17 assets sold since new MMDR Act; other pain points in auction process include exhorbitant pricing, poor mineral reserves

Iron ore prices rise by Rs 600-700 a tonne, but Karnataka prices down 15%

The prices of iron ore are expected to increase by 3-4% in 2019

NMDC sells 16.55 million tonnes of iron ore in April-October period

The sales volume exceeded production on Chhattisgarh, but lagged in Karnataka

Iron ore struggles to clamber out of the pits on restricted e-auction

Restrictions on participation in e-auctions and the ban on mining in Goa are weighing down the industry

Logistics woes drive Indian steel mills to buy iron ore overseas

More supplies of iron ore will be required as the South Asian nation is set to overtake Japan as the world's second-biggest steel producer this year

Iron ore prices zoom 80% in 3 months on stable demand, buck global trends

Prices to stay elevated despite range bound international trends

Iron ore output to rise 5% in FY19 on stable demand from infra, auto

About 90% of iron ore mined in FY18 was for domestic use; rest was shipped to China, Japan, South Korea, Oman, Vietnam, Indonesia and Malaysia

Miners body urge SC to allow export of iron-ore pellets from Karnataka

If SC decides to allow export of pellets, stated-owned KIOCL Limited would be a major beneficiary

Rising cost of iron ore, freight in Odisha have vexed steel producers: JSPL

The company's chairman, Naveen Jindal, also rues coal shortage for the industry in the state

Price of iron ore fines jumps by 17%, lumps by 11% as steel prices soften

The price of iron ore, excluding that in Karnataka, have jumped by 17 per cent for fines and 11 per cent for lumps in this financial year (starting April 1), in contrast to a five per cent slide in steel (TMT bar) prices in the same period. With construction activity hit by the ongoing monsoon and a global trade war threatening to create a glut in the domestic market, the steel industry is keeping its fingers crossed. Any further rise in home iron ore prices could impact their margins.Ore prices have risen after a minor dip in April and May. In July, the price of 62.5 per cent Fe (iron content) fines rose from Rs 2,100 a tonne to Rs 2,400. Lump prices rose from Rs 4,925 to Rs 5,175 a tonne. Year-on-year, the rate for fines is up 113 per cent; lumps by 97 per cent. The rise in these four months of 2018-19 has been 11 per cent for lumps and 17 per cent for fines.In contrast, faced with muted demand growth, steel prices have fallen from Rs 41,000 a tonne to Rs 39,000 a tonne, down five ..

Country's iron ore prices defied global trends to surge 41% in FY18

Globally, benchmark prices of iron ore fines (62 Fe grade) inched up by only 1.7% in last financial year to $69 a tonne

Mining woes: Karnataka iron ore companies unable to clear stocks

Mining industry's apex body, Federation of Indian Mineral Industries (FIMI), has decided to move the Supreme Court with an app

Iron ore stocks climb on falling exports, fragile demand

At the end of 2016-17, 148.66 million tonnes of iron ore had accumulated at the mine pit heads and the figure is estimated to breach 150 million tonnes by 2017-18 end

Iron ore output to reach 210 million this fiscal: Indian Bureau of Mines

Indian Bureau of Mines (IBM) has estimated the iron ore production in the country in the current fiscal at about 210 million tonne, 9 per cent more than the previous fiscal. Last year, the country had produced 192 million tonne of iron ore.The projection of higher production has come as a relief to the steel industry which was feeling jittery over disruption in mining operations in Odisha and Goa during the year and its subsequent impact on the iron ore prices.Odisha, which produced 102 million tonne iron ore, 53 per cent of the country's total iron ore output of 192 million tonne last year, is poised to retain the top slot this year as well.By the end of last week, the state had produced 99 million tonne, two million tonne more than the output achieved in the comparable period last year and in the remaining days of this fiscal, the state is expected to cross the previous year's record, said an official source. On sales front also, iron ore despatches have gone up by 7.14 per cent to .

New ground realities in iron ore

An increase in court-mandated production caps offers miners some marginal relief; export duty cuts are their next demand

Iron ore from paradise wins no takers as China upends market

China's push to clean the air has exploded the price differential between high and low grades

Iron ore, liquid cargo drive volume growth at major ports

During the period under review, iron ore cargo including iron ore pellets surged by 23.48 per cent